Security Documents definition
Examples of Security Documents in a sentence
The Company hereby consents and agrees, and shall cause each of the Subsidiary Guarantors, to be bound by the terms of the First Lien Security Documents to which they are parties, as of the Issue Date and as the same may be in effect from time to time, and agree to perform their obligations thereunder in accordance therewith.
The Trustee is authorized to receive any funds for the benefit of Holders distributed under the First Lien Security Documents and to apply such funds as provided in Section 6.07.
This Article 12 and the provisions of each of the First Lien Security Documents are subject to the terms, conditions and benefits set forth in the Collateral Trust Agreement.
In each case that the Trustee is requested hereunder or under any of the First Lien Security Documents to give direction or provide any consent or approval to the Collateral Trustee, the Company or to any other party, the Trustee may seek direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes.
Each Holder, by accepting any Notes and the Subsidiary Guarantees, authorizes and directs the Collateral Trustee to enter into any First Lien Security Documents to the extent not already entered into (including any amendments thereto and any security documents to secure Additional First Lien Debt in accordance with the Collateral Trust Agreement) and to perform its obligations and exercise its rights thereunder in accordance therewith, subject to the terms and conditions thereof.